'''Crony capitalism''' is a [[liberal]] and [[fascist]]ic economic system in which the government picks winners and losers through the use of grants, contracts, loan guaranees, regulations, [[bailout]]s and other ways of extending favors to friends while penalizing competitors.

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'''Crony capitalism''' is a [[liberal]] and [[fascist]]ic economic system in which the government picks winners and losers through the use of grants, contracts, loan guarantees, regulations, [[bailout]]s and other ways of extending favors to friends while penalizing competitors.

==See also==

==See also==

Revision as of 22:30, 26 January 2012

Crony capitalism is a liberal and fascistic economic system in which the government picks winners and losers through the use of grants, contracts, loan guarantees, regulations, bailouts and other ways of extending favors to friends while penalizing competitors.